The Indianapolis journal. [volume] (Indianapolis [Ind.]) 1867-1904, 1887-02-05

books and accounts have been kept so as toshov
their net earnings; whether there has been di-
version of earnings through constructive miles
age allowances, or for improper purposes; wheth-
er there has been discrimination of rates: wheth-
er any, and how much, ,imoney is due the United
States on account of erroneous accounts of set
Elements made by said roads; whether any
traffic or business which could or should
pe done on the aided lines of said companies, has
been diverted to the lines of any other company
or to non-aided lines, and what amounts have
peen deducted from the gross earnings of any Of
said aided railroad companies by their general
freight and passenger agents conductors, by
way OF rebate, percentage Of business DONE con-
structive mileage. monthly or other payments,
on any pooling or rate arrangement, contract or
agreement, and also to inquire into, ascertain
and report as to the kind, character and amount
of the assets of said companies, and what assets
OF each company are now subject to the lien OF
the government, and the value thereof and, also.
whether any dividends have been unlawfully de-
clared by the directors paid to the stock
holders OF said companies, and, it so, to what
extent and whether the amount thereof may
lawfully declaring the same, or personG
who have unlawfully received the samee
whether the proceeds of any trust funde
or lands, loaned. advanced or granted have
been diverted from their lawful use; whether
any new stock or bonds have been issued, or
any guarantees or pledges made contrary to- or
without authority of law; whether any Of the
directors, officers or employees of said companies,
indirectly interested, and to what amount or ex-
tent. in any other railroad, steamship, telegraph,
express mining, construction or other business
company or corporation. and with which any
agreements. undertakings or leases have been
made or entered into; what amounts Of money
or credit have been or are now loaned by any Of
SAID companies to any person or corporations;
what amounts of money or credits have
been or are borrowed by any OF
said companies giving names OF lenders
ana the purposes for which said sumo
have been or are now required what amounts Of
money or other valuable consideration such as
stocks, bonds, passes. and forth, have been ex-
pended or paid out of said companies, whether
for lawful or unlawful purposes but for
which sufficient and detailed vouchers
have not been given or filed with the
records of said companies; and. fur
ther. to inquire and report whether
said companies, or either Of them, or tEeir Off
GERS, or agents have paid any money other
valuable consideration, or done any other act or
thing for the purpose of influencing legislation,
and to investigate and report all the facts relat-
ing to an alleged consolidation of the Union
Pacifc Railroad Company, the Kansas Pacific
Railway Company, and the Denver Pacific Raj. =
way and Telephone Company into an alleged
corporation known as the Union Pacific Railway
Company Said investigation shall include the
alleged sale Of the stock of the Kansas Pacific
Railroad Company to the Union Pacific Railroad
Company, and all the circumstances and partic-
MARS pertaining to said alleged sale, and whether
any of the Pacific railroad corporations which
obtained bonds from the United States to aid in
the construction of their railroads have ex-
pended any of their moneys or other assets in
the construction to aid in the construction of
other railroads, or invested of their moneys or
other assets in the stocks or bonds of any manu-
featuring mining and commercial company or
corporations, of other railroad corporations,
and if sany such expenditures or investments
have been made, the extent and character there
OF made by each of said corporations shall be in
quired into, and also the present interest of any
cOrpOratOuS
to their respective railroads.
The commissioners are directed to ascertain
and report the names of all stockholders In each
OF the companies from its organization down.
The salaries lover So, ,000) now or at any time
paid to officers; the names of the persons who
have received bonuses or donations and all pay
ments made under the head of legal expenses;
the commissioners are required to consider and
report whether the interests of the United States
require any extension of the time for the per-
formance of the obligations of the companies.-
and what further security itcis expedient thai
the companies should give The commission ID
armed with full power to command the attend
ance of witnesses and the production Of books
and papers One hundred thousand dollars~i1.
appropriated for the purpose of the investigation
Whenever. in the opinion of tho President it is
deemed necessary to the protection of the inter-
ests OF the government the Secretary of the
Treasury shall clear off the paramount lien,
mortgage, or other incumbrance, and it is made
the duty of the Attorney general to take the
necessary proceedings in the courts for
such redemption and to foreclose mortgages or
liens of tine United States in respect of such
railroad property. Section Ave provides that
from and after July l, 1887 there shall be
charged to the Central Pacific. Union Pacific,
the Central Branch Union Pacific railroad, the
Sioux City & Pacific Railway Company, and the
Kansas Pacific Railway Company 40 per cent.
of the net earnings in place of the % per cent.
provided for in act of May Z. 1875 so far as the
same respects the companies mentioned in said
act. and as to the others herein mentioned alb
solutely." and to that end the act or May is
extended to the Kansas Pacific. Sioux City and
Central Branch Union Pacific. The sixth and
last section authorizes the investment of sink
Ing funds in any Of the government bonds issued
for the benefit of the roads, or in their first
mortcapa bonds